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System Chief Financial Officer, Billings Clinic

1 month ago

Billings, United States Korn Ferry Executive Search Full time
ORGANIZATION BACKGROUND

Billings Clinic and Logan Health are united as one non-profit, Montana based, independent health care system focused on keeping patients and families close to home and connecting care in communities throughout the region. The unified health system serves an area that includes Montana, northern Wyoming, and the western Dakotas and is governed by a board of community members and medical professionals. It encompasses 25 hospitals, which includes 16 regional partnerships with critical access hospitals and clinics. More than 9,000 employees, including 1,200 physicians and advanced practice providers practicing in 80 specialties, work together to provide patients and their families with a positive, proactive, patient-centered experience, through innovative and effective approaches to high quality, safe health care. Combined, Billings Clinic and Logan Health generate annual net revenues of $2 billion.

Billings Clinic and Logan Health have deep commitments to complex care, local access, innovation and health care education. By uniting the two organizations in September 2023, each of which have served Montana and the surrounding region for more than 100 years, Billings Clinic and Logan Health are better together. The one combined system is better positioned to adapt to the rapidly changing health care environment while maintaining a commitment to sustaining and growing services that meet the needs of Montana and Wyoming families.

Combined System Facts:

  • 9,000 Employees
  • 3,000 Employees at Affiliated Organizations
  • 1,200 Medical Staff (Physicians & APPs)
  • Independent Montana-Based Health System
  • 2.75M Clinic Visits
  • 1,000 Hospital Beds
  • 600 Long-Term Care/Assisted Living Beds
  • 80 Clinical Specialties
  • 90,000 Surgeries
  • 3,500 Air Ambulance and EMS Transports
  • 200,000 ED Visits
Billings Clinic

Billings Clinic was designated as the first Magnet organization in Montana in 2006. Billings Clinic is also a member of the Mayo Clinic Care Network, which has provided clinical resources and direct access to Mayo Clinic specialists since 2013. As a regional leader in medical education, Billings Clinic offers Montana's only medical residencies for Internal Medicine, Psychiatry, and Surgery (rural track), and a Rural Critical Care Fellowship. Last year, Billings Clinic's cost of Community benefit totaled more than $67.3 million, including $20.2 million in financial assistance provided to more than 14,600 patients.

Billings Clinic's services to meet our mission of health care, education and research include:
  • Level I Trauma Center provides emergency and critical care, with support from MedFlight advanced life support fixed-wing aircraft and helicopter air ambulance service to transport critically ill or injured patients from rural communities. Specialty MedFlight teams include trauma, neonatal (infant) and maternal (childbirth) care. Already the busiest trauma center in the region, Billings Clinic was designated as the region's first Level I Trauma Center in a 500-mile radius in 2023.
  • Primary Care is available at multiple locations, with NCQA-certified patient-centered medical homes where a team of health professionals work together to provide all of your health care needs in convenient locations.
  • Clinic locations include Billings (Downtown, Heights and West), Bozeman, Miles City, and West Yellowstone, Montana; and Cody, Wyoming.
  • Rural outreach includes 145 specialty care clinics per month at 23 different regional locations for residents of rural Montana, Wyoming and North Dakota.
  • PatientConnect offers personal online access 24/7 to your medical records and to online bill payment.
  • BillingsClinicConnect allows providers immediate access to shared patient information that facilitates improved patient care.
  • Billings Clinic is home to Eastern Montana Telemedicine Network, a collaboration with regional health care facilities to provide health care and education through private video conferencing.
  • Billings Clinic is dedicated to the pursuit of new medical knowledge with research that benefits current and future patients with diseases such as diabetes and cancer.
  • Billings Clinic Cancer Center has an outstanding team of cancer specialists, and the only stem cell transplant program in the region. Cancer site-specific teams of physicians and patient care navigators work together in this Commission on Cancer Accredited Comprehensive Cancer Program.
  • Billings Clinic's John R. Burg MD Cardiac Center provides state of the art patient-centered care in all aspects of cardiology and cardiac surgery. This excellence in cardiac care has been recognized with multiple awards and recognitions including Platinum recognition for treatment of Chest Pain and Heart Attack.
  • Billings Clinic Orthopedics & Sports Medicine has specialists in upper and lower extremities, pediatrics and trauma surgery. They are certified by the DNV and are awarded its Disease-Specific Care Certification for hip and knee replacement. They are also designated as a BlueDistinction Center for Knee and Hip Replacement by Blue Cross and Blue Shield of Montana.
  • Women's health services include specialists in obstetrics, gynecology, maternal-fetal medicine, reproductive medicine, fertility care, and urogynecology. Services also include a high-risk breast clinic.
  • Children's health care is provided by a comprehensive team of 20+ pediatricians and pediatric specialists in the specialties of cardiology, dermatology, diabetes, gastroenterology, hematology/oncology, hospital care, neonatology, neurology, ophthalmology, orthopedics, psychology, pulmonology, rehabilitation, and urology. The state-of-the-art Bob & Penni Nance Inpatient Pediatric Unit offers a safe, healing, high-tech environment for children who require pediatric in-hospital care for injury or illness and specialty medicine. Billings Clinic is a partner in the Children's Hospital Colorado Care Alliance, giving families across our region access to some of the nation's best care close to home.
  • The only board-certified reproductive endocrinologists and In Vitro Fertilization Program in Montana, Wyoming and the western Dakotas are at Billings Clinic in Billings and Bozeman.
  • The Billings Clinic Family Birth Center staff cares for approximately 1,000 newborns per year, offering private suites, family-centered single room maternity care, and a Level III Neonatal Intensive Care Unit (NICU).
  • The Neurosciences Program includes an outstanding multidisciplinary team for neurology and neurosurgery, offers 24/7 interventional neurosurgery and has the Region's only neurohospitalist program. Billings Clinic offers the highest level of stroke care available in the region and is certified by DNV as Montana and Wyoming's first and only Comprehensive Stroke Center, the highest stroke certification level a health care organization can achieve.
  • Billings Clinic is the only location within a five-state region to offer Gamma Knife® radiosurgery for noninvasive treatment of brain tumors and other conditions.
  • Surgical Services include cardiac, thoracic and vascular surgery, general surgery, gynecologic oncology, metabolic surgery, neurosurgery, OB/GYN, ophthalmology, orthopedics, otolaryngology head and neck surgery (ear, nose, throat), facial plastics and reconstructive surgery, podiatry, urology, and urogynecology. Billings Clinic offers minimally-invasive surgery, including robotic-assisted surgery with the da Vinci surgical system, and advanced surgical facilities including a hybrid operating room.
  • Billings Clinic Surgery Center is an outpatient facility for same-day procedures and operations.
  • The 44-bed inpatient unit at the Psychiatric Center is the only inpatient psychiatric care unit for youth and adults in Eastern Montana. Billings Clinic is a leader in clinical care and health care policy design for mental health services in the state of Montana, and offers the most comprehensive department of psychiatry in the state.
  • Dermatology Center specialists offer comprehensive medical dermatology care for children and adults, and skin cancer detection and treatment services, including Mohs surgery.
  • Billings Clinic Gastroenterology is recognized by the American Society for Gastrointestinal Endoscopy for promoting quality in endoscopy. Our gastroenterologists provide screening, diagnosis and treatment of digestive tract diseases.
  • Through a multi-disciplinary approach, the Diabetes, Endocrinology & Metabolism Center team provides individualized care for endocrine system disorders, diabetes management, and medical and surgical weight loss.
VISION: Billings Clinic will provide best in nation clinical quality, patient safety, service, and value.

Logan Health

Logan Health is a nonprofit, 590-bed health system located in the iconic Flathead Valley of northwest Montana. While the main medical campus is located in Flathead County, Logan Health draws from a total service area covering 13 counties, nearly 40,000 square miles and a population of more than 600,000. The health system consists of six hospitals, more than 68 provider clinics, a medical fitness center, skilled nursing facility and a host of other health care services, including the nation's first rural air ambulance service (A.L.E.R.T.), which it has maintained for more than 45 years. More than 4,500 physicians, nurses, health care professionals and support staff work together to provide patients and their families with a positive, proactive, patient-centered experience. Founded in 1910, Logan Health has provided exceptional care for more than 100 years to the communities it serves. Throughout its history, the organization has continued to grow and evolve with the growth and changing needs of the communities it serves.

MISSION: Our mission is to improve health and quality of life by delivering exceptional, compassionate care with an outstanding experience for all.

POSITION SUMMARY

The System Chief Financial Officer is responsible for advancing the mission, vision, and values of the Health System by leading strategic and tactical financial initiatives. The successful candidate will oversee all financial functions of the Health System. Reporting to the Co-CEO's of Billings Clinic and Logan Health, the System Chief Financial Officer provides executive leadership to the Board of Directors for financial insight and advice on the impact of Health System strategies on financial position and strength. The System Chief Financial Officer ensures sound financial and business practices are implemented at all Health System locations.

The successful candidate will be responsible for oversight of all fiscal and fiduciary responsibilities for the Health System, in collaboration with the Executive Leadership Team and the Board of Trustees. The System Chief Financial Officer will be responsible for system oversight of financial services that include accounting, revenue cycle, business services (including third party reimbursement), financial reporting, treasury, financial planning, decision support, financial regulatory compliance, supply chain, and information technology. The System Chief Financial Officer will engage with leadership and physicians both in understanding and implementing sound financial, business, and operational decision-making.

KEY RESPONSIBILITIES

The System Chief Financial Officer is responsible for the following:
  • Establishes and maintains internal controls for Health System to safeguard financial assets.
  • Ensures accurate financial reporting in accordance with GAAP and federal, state, and other required supplementary schedules and information.
  • Oversees the management and coordination of all fiscal reporting activities for Health System including revenue/expense and balance sheet reports, reports to funding agencies, development and monitoring of Health System operational and capital budgets, income tax and informational returns, internal and external audits.
  • Analyzes, interprets, and communicates financial and statistical data to executives and the Board of Directors to aid in the decision-making process.
  • Coordinates the activities of financial planning with the long-range priorities developed by executives and the Board of Directors.
  • Invests Health System financial resources prudently for appropriate return on investment, within guidelines established by the Board of Directors.
  • Forecasts cash flows to meet operating and capital expenditures. Recommends to the Co-CEO's any changes deemed necessary to enhance the financial operations of Health System. Develops and/or reviews the financial justification for all major capital equipment expenditure requests.
  • Evaluates for executives and the Board of Directors, the Health System's strategies and goals and its planned and existing programs as they relate to third party reimbursement.
  • Oversees and provides guidance for Decision Support to assure that strategic initiatives are supported and monitored through accurate and readily available data.
  • Consults with administration, physicians, department leaders, and vendors to exchange information, present new approaches, and to discuss equipment/system changes to provide complete and accurate financial and statistical information.
  • Optimizes cost of services through a mix of internal and external sources.
PROFESSIONAL EXPERIENCE/QUALIFICATIONS/TRAITS

Successful candidates for the System Chief Financial Officer role will possess the following:
  • Minimum of ten (10) years of leadership experience. Strong healthcare financial and business management background is essential.
  • Excellent leadership skills, as well as strong communication, negotiation and planning skills. Possess ability to interact and engage with the Board, executive leadership, managers and physicians. Ability to work as a team member, adept at team building, and has the ability to create a team environment with staff from diverse backgrounds.
  • Knowledge of local, regional and national healthcare initiatives and changes that will affect the sustainability of the Health System and its ability to achieve positive financial, operational and strategic outcomes.
  • Possess knowledge and understanding of market dynamics, competitive landscape, and ability to participate in the strategic direction of Health System.
  • Possess ability to become attuned to community.
  • Experience with value-based care payment models and risk contracting arrangements.
  • Experience with Population Health in an integrated health care environment.
  • Excellent organizational skills, detail-oriented, a self-starter, possess critical thinking skills and be able to set priorities and function as part of a team as well as independently.
  • Commitment to working in a team environment and maintaining confidentiality as needed.
  • Excellent verbal and written communication skills including the ability to communicate effectively with various audiences. Excellent interpersonal skills.
LEADERSHIP ATTRIBUTES
  • Strategic Development and Execution: Drive organizational objectives by operationalizing changes and initiatives effectively and efficiently. Proactively anticipate both the needs of the Health System and the impact operations has on the organization's success. Collect and analyze data, prepare and present recommendations for improving operations.
  • Emotional Intelligence: Serve as a role model by exhibiting the Health System's core values. Lead and influence the team to provide outstanding customer service. Develop and foster relationships to support open communication, trust, transparency, and collaboration.
  • Business Acumen: Demonstrate and develop competencies in the areas of leadership, financial management, employee engagement, human resources, organizational dynamics and governance, organizational communication, strategic planning, change management, risk management, compliance, patient safety, and quality improvement.
  • Leadership: Create a supportive department culture by fostering individual motivation, coaching, and training for optimum job performance. Collaborate with Human Resources to develop, implement and support programs that add value to the Health System and lead to improved culture, employee and physician engagement, and retention.
EDUCATION
  • Advanced degree such as MBA, and/or CPA, required.


Korn Ferry shall provide equal employment opportunity to all qualified candidates, and will refer candidates without regard to race, color, religion, national origin, sex, age, disability, veteran status or any other legally protected basis.